Seller's Agent in 2025
Mike Lopus
Colliers International Greater Los Angeles, Inc.
(805) 518-1494
5 in this area
9 Total Sales
6575 Segovia Rd Goleta, CA 93117
--
Bed
--
Bath
--
Sq Ft
1964
Built
About This Home
As of February 20256575 Segovia Rd. is an outstanding investment opportunity in the vibrant and dynamic community of Isla Vista. This multifamily property, built in 1964, is perfectly positioned within Isla Vista, offering huge upside potential for investors seeking to capitalize on the strong demand for student housing from UCSB and SBCC students. The building consists of 12 units, all featuring 1-bedroom and 1-bathroom layouts. Parking facilities include 12 enclosed parking spaces, generating $5,760 (24/25 school year) and $7,200 (25/26 school year) in annual parking income, adding further value to this investment. Each unit is designed to provide comfortable and efficient living spaces, ensuring high occupancy rates and low maintenance for property management. Located in the heart of Isla Vista, this property is ideally situated to meet the housing needs of UCSB and SBCC students, offering convenient access to campus facilities and local amenities. With its robust rental income, strategic location, and significant growth potential, 6575 Segovia Rd is an excellent addition to any investment portfolio. Seize this opportunity to invest in one of Isla Vista's prime multifamily properties, designed for student living and positioned for substantial returns with additional rental upside. Please contact to schedule a tour.
Last Agent to Sell the Property
Colliers International Greater Los Angeles, Inc. License #01970736 Listed on: 12/03/2024
Last Buyer's Agent
Austin Herlihy
Colliers International Greater Los Angeles, Inc. License #01518112
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Parking
- 12 Parking Spaces
- 12 Carport Spaces
Schools
- Isla Vista Elementary School
- Gol Valley Middle School
- Dos Pueblos High School
Listing and Financial Details
- Assessor Parcel Number 075-062-002
Community Details
Overview
- 12 Units
Building Details
- Insurance Expense $6,509
- Operating Expense $106,771
- Gross Income $274,920
- Net Operating Income $169,261
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | Sold | $3,700,000 | -3.3% | -- |
| 01/22/2025 01/22/25 | Pending | -- | -- | -- |
| 01/13/2025 01/13/25 | Price Changed | $3,825,000 | -3.8% | -- |
| 12/03/2024 12/03/24 | For Sale | $3,975,000 | 0.0% | -- |
| 09/13/2024 09/13/24 | Pending | -- | -- | -- |
| 08/19/2024 08/19/24 | For Sale | $3,975,000 | -- | -- |
Source: Santa Barbara Multiple Listing Service
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $50,083 | $4,182,000 | $1,555,500 | $2,626,500 |
| 2023 | $50,083 | $274,786 | $62,656 | $212,130 |
| 2022 | $8,234 | $269,470 | $61,428 | $208,042 |
| 2021 | $8,114 | $264,258 | $60,224 | $204,034 |
| 2020 | $8,010 | $261,586 | $59,607 | $201,979 |
| 2019 | $7,934 | $256,529 | $58,439 | $198,090 |
| 2018 | $7,853 | $251,571 | $57,294 | $194,277 |
| 2017 | $7,523 | $246,710 | $56,171 | $190,539 |
| 2016 | $6,843 | $241,944 | $55,070 | $186,874 |
| 2015 | $6,785 | $238,365 | $54,243 | $184,122 |
| 2014 | -- | $233,767 | $53,181 | $180,586 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Lopus
-
Steve Golis
Seller Co-Listing Agent in 2025
Steve Golis
Radius Group Commercial R.E.
(805) 879-9624
17 in this area
90 Total Sales
-
A
Buyer's Agent in 2025
Austin Herlihy
Colliers International Greater Los Angeles, Inc.
-
C
Buyer Co-Listing Agent in 2025
Chris Parker
Colliers International Greater Los Angeles, Inc.
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-2728
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